Eight-Penny News

VOLUME 8 • NUMBER 3 • DECEMBER 1989
JLC · DECEMBER 1989
Remodeling
Remains Hot,
NARI Says
Remodeling contracts averaged
$72,000 in 1988, the National
Association of the Remodeling
Industry revealed in its most
recent survey of member firms.
Contractors answering the
survey projected even better
performance in 1989, with an
average anticipated sales volume
of $1.94 million, up from $1.5
million in 1988.
The 1988 National Remodeler/
Contractor Industry Survey
reports that the kitchen
remained the main target of
homeowners who hire remodeling
contractors. Kitchens
topped the list both for new
homeowners (57.6%) and for all
types of remodeling projects
commonly undertaken (65.7%).
Following the kitchen, the
most popular remodeling
projects among new owners were
additions, 49%; baths, 47.5%;
and decks, 34.7%. Among all
types of remodeling projects, the
most popular